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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Net sales $ 720 $ 661 $ 2,152 $ 1,650
Net investment income [1] 744 442 1,545 1,287
Net gains 0 5 5 13
Total revenues 1,464 1,108 3,702 2,950
Expenses:        
Manufacturing cost of sales 491 312 1,206 760
Engineering, selling and administrative 948 676 3,703 2,060
Total expenses 1,439 988 4,909 2,820
Income (loss) before income taxes 25 120 (1,207) 130
Income tax expense (benefit) 25 (674) (250) (632)
Net income (loss) 0 794 (957) 762
Less: Net income attributable to non-controlling interests 45 22 63 47
Net (loss) income attributable to LGL Group common stockholders $ (45) $ 772 $ (1,020) $ 715
Basic (in dollars per share) $ (0) $ 0.14 $ (0.13) $ 0.13
Diluted (in dollars per share) $ (0) $ 0.14 $ (0.13) $ 0.12
Basic (in shares) 10,960,348 5,371,308 7,958,795 5,415,721
Diluted (in shares) [2],[3] 10,960,348 5,708,254 7,958,795 5,738,317
[1] Interest revenue is included in Net investment income on the Condensed Consolidated Statements of Operations.
[2] For the three and nine months ended September 30, 2026, weighted average shares used for calculating earnings per share excludes subscription rights to purchase 6,062,714 shares of common stock, stock options to purchase 200,000 shares of common stock, and 138,315 shares from restricted stock awards as the inclusion of these instruments would be anti-dilutive to the earnings per share calculation.
[3] Weighted average shares outstanding for the three and nine months ended September 30, 2026 and 2025 have been retroactively adjusted for the bonus element of the Rights Offering. Refer to "Rights Offering Bonus Element" below.